Barron's MFQ

Is Anyone Making Money?

A few funds did; here's what some of them see around the
corner

Despite the hopes of millions of investors, the stock market has failed to rebound, and that weighed heavily on mutual funds in the second quarter. Yet a few fund managers actually found a way to make money for their shareholders, and they think they can keep doing so for the rest of the year.

How bad was the quarter? The Standard & Poor's 500 index fell 13.73%; the Dow Industrials slid 11.16%, the Nasdaq, a gut-wrenching 20.71%. Consequently, nearly all categories of funds posted steep declines. Indeed, of the 41...